Expanding Small Commercial Solar Requires a Big-Picture Approach to Financing

September 26, 2014

GTM Research recently predicted a revival of small commercial solar projects. With about 5.6 million commercial buildings in the U.S., nearly 75 percent of them measuring 10,000 square feet or less, we are looking at a massive opportunity to increase renewable energy generation and reduce greenhouse gas emissions from building operations. Financing for small scale solar is often challenging but our Chief Credit Officer Bill Peterson offers some innovative solutions to support the growth of this market.

Vince Siciliano, head of California-based New Resource Bank, has what he thinks is an abrupt question for people asking about his business and where they might put their hard-earned savings.“Do you know where your money spends the night?” he asked. “They haven’t thought about that, and I tell them it’s not in a mattress and I assure you it’s not in a vault either. It’s out there somewhere in the world, doing something.”

“When you take a long-term perspective and you manage yourself not just for financial but [also for] community and environmental returns, that becomes a very resilient business and a profitable business over the long-term,” says New Resource President and CEO Vince Siciliano in this interview on New Resource’s unconventional approach to banking and why it matters for people, planet and prosperity.

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